New York 2025-2026 Regular Session

New York Senate Bill S08020

Introduced
5/15/25  
Refer
5/15/25  

Caption

Enacts the "New York state agency BIPOC asset management and financial institution strategy act" to ensure the promotion of equity, diversity, and inclusion within the state pension system and the New York city pension system's investments by mandating a minimum allocation of assets to BIPOC asset managers, BIPOC financial institutions, and BIPOC financial or professional service firms; addresses disparities in investment opportunities and fosters economic growth within BIPOC communities, aligning with best practices in investment management and bolstering the financial well-being of New York City and state and residents thereof (Part A); relates to fair investment practices by investment advisers within the state of New York (Part B).

Companion Bills

NY A05471

Same As Enacts the "New York state agency BIPOC asset management and financial institution strategy act" to ensure the promotion of equity, diversity, and inclusion within the state pension system and the New York city pension system's investments by mandating a minimum allocation of assets to BIPOC asset managers, BIPOC financial institutions, and BIPOC financial or professional service firms; addresses disparities in investment opportunities and fosters economic growth within BIPOC communities, aligning with best practices in investment management and bolstering the financial well-being of New York City and state and residents thereof (Part A); relates to fair investment practices by investment advisers within the state of New York (Part B).

Previously Filed As

NY A05471

Enacts the "New York state agency BIPOC asset management and financial institution strategy act" to ensure the promotion of equity, diversity, and inclusion within the state pension system and the New York city pension system's investments by mandating a minimum allocation of assets to BIPOC asset managers, BIPOC financial institutions, and BIPOC financial or professional service firms; addresses disparities in investment opportunities and fosters economic growth within BIPOC communities, aligning with best practices in investment management and bolstering the financial well-being of New York City and state and residents thereof (Part A); relates to fair investment practices by investment advisers within the state of New York (Part B).

NY S02562

Enacts the New York agricultural investment task force act; establishes the New York task force on agricultural investment to study and assess the future of agriculture in the state.

NY A10882

Prohibits the use of investment managers in the New York state and local police and fire retirement system; defines who qualifies as an investment manager.

NY SB595

Local government: investments and financial reports.

NY H2983

Concerning investments of the Massachusetts Pension Reserve Investment Management (PRIM)

NY H92

NC Digital Assets Investments Act

NY S08389

Renames the New York state workforce investment board as the New York state workforce development board; revises the duties of the board.

NY A10267

Renames the New York state workforce investment board as the New York state workforce development board; revises the duties of the board.

NY S2008

Allowing for fiscal resilience through strategic investment in stable digital financial assets

NY H3279

Allowing for fiscal resilience through strategic investment in stable digital financial assets

Similar Bills

No similar bills found.